Mastercard Creates Simplified Payments Card Offering for Cryptocurrency Companies - Seite 2

With this enhancement to Mastercard’s Crypto Card Program, Paxos and Circle will use their platforms to facilitate the conversion of crypto to fiat through fiat-backed stablecoins, a class of cryptocurrency that offers price stability and is backed by reserve assets. Making the process simpler will allow more banks and crypto partners the opportunity to offer their consumers the choice of paying with cryptocurrency.

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“As pioneers in crypto-backed debit card issuance, we are absolutely thrilled to see the level of investment that Mastercard and all the associated partners are demonstrating for innovative products,” said Apto Payments CEO Meg Nakamura.

“BitPay believes the future of payments is on the blockchain because it transforms how consumers send, receive, and store money around the world,” said Stephen Pair, co-founder and CEO of BitPay. “Working with Mastercard’s pilot to turn digital assets into dollars for everyday spending will accelerate consumers’ use of crypto as a means of commerce.”

Dante Disparte, Chief Strategy Officer and Head of Global Policy at Circle, commented: “The collaboration between Circle and Mastercard demonstrates that dollar digital currencies like USDC play a foundational role in making payments more efficient and can facilitate new economic activity for businesses worldwide.”

“We are thrilled to be partnering with Mastercard and other leaders to evolve the payments landscape,” said Scot Lenoir, chairman of Evolve. “Evolve is a known leader that supports all forms of stored value and money movement for our diverse array of fintech customers. To support the tremendous consumer and business adoption of digital currencies over the last few years, we see settlement via USDC and other stablecoins as our next step in our journey to continue to modernize banking for all.”

"Galileo is excited to partner with Mastercard to simplify payments and provide the modern API technology that enables a seamless cryptocurrency conversion process of new currencies and coins to fiat currency and U.S. stablecoins,” said Derek White, CEO Galileo Financial Technologies.

"As one of the world's leading issuer-processors powering millions of active crypto-backed cards globally, i2c couldn't be more enthusiastic or honored to be counted as a key Mastercard partner for crypto," said Jim McCarthy, president, i2c Inc. "We look forward to helping visionary crypto companies bring their card programs to market quickly through a single global platform, offering product diversity, robust applications, services, scale and unprecedented reliability."